By Mary Ann Anderson
Score your maximum in Operations Management
Operations administration is a vital ability for present and aspiring enterprise leaders to boost and grasp. It offers with the layout and administration of goods, procedures, companies, and provide chains. Operations administration is a starting to be box and a required path for many undergraduate company majors and MBA applicants. Now, Operations administration For Dummies serves as an exceptionally innovative reduction for this tough subject.
Tracks to a customary direction in operations administration or operations procedure, and covers themes similar to comparing and measuring present platforms' functionality and potency, fabrics administration and product improvement, utilizing instruments like Six Sigma and Lean construction, designing new, stronger procedures, and defining, making plans, and controlling bills of projects.
- Clearly organizes and explains complicated topics
- Serves as an complement on your Operations administration textbooks
- Helps you ranking your optimum on your Operations administration course
Whether your goal is to earn an undergraduate measure in company or an MBA, Operations administration For Dummies is crucial supplemental examining to your operations administration course.
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Extra resources for Operations Management For Dummies
In for-profit firms, operations management is concerned with the cost-effective operation and allocation of resources, including people, equipment, materials, and inventory — the stuff you use to provide goods or services for customers — to earn the big bucks and maximize your return on investment. Just look at the annual reports of big successful firms. Some, like ExxonMobil, take pride in their operational excellence. In the case of ExxonMobil, just 1 or 2 percentage points better energy efficiency or plant up-time can represent millions in additional profit.
Poor operations, at best, equal ineffective processes and wasted resources. At worst, poor operations can drive a company out of business. Therefore, managing operations with competence is vital to meeting strategic goals and surviving financially. In this chapter we point out what’s part of operations and what isn’t. We also describe key concepts in the world of operations and tell you what you can do to improve operations in a business or any other type of organization. Defining Operations Management When most people think of operations management, if any picture comes to mind at all, an image of a large factory billowing smoke often emerges.
Complacency People in various parts of an organization may assume that what happens in operations is simple. Operations managers may get resistance when they try to standardize, measure, or improve processes. ” But if a process is costing money for the firm to complete, then it’s worth trying to do it more efficiently and less expensively. If the process is sometimes done wrong, then it’s costing even more — money or maybe even customers. No business can afford not to take the time to standardize, measure, and improve processes.